HomeMy WebLinkAbout0961BoNK ~~ PA>;E2S~
~T, l~~~IF COUNTY. FLA.
4 --
RIIEREAS, Mu..bagor is desirous of securing prompt payment of said note in accordance with
the terms and conditions thereof, as well as any additional indebtedness accruing to Mortgagee on
account of payments or expenditures made by Mortgagee as herein provided;
NOR, THEREFORE, in consideration of the premises and of the sum of One Dollar (=1.00) to
the undersigned Mortgagor in hand paid by Mortgagee. the receipt wheceof is hereby acknowledged,
and for the purpose of securing prompt payment of the indebtedness hereinabove mentioned as the
same becomes due and other valuable considerations, Mortgagor does hereby grant, bargain, sell,
assign, convey, mortgage and warrant unto Mortgagee the following-described real property situated
in the County of St_ Lucie ^___________ , towit:
.':•~m a .oncrete monument on !rte No:-:n line of ~.ne :;.~:lt.'. ~:; zeet of Lo: .,, Assesso-'s Map .
o? Lhe Norn part of Fort Pierce, as recorded in P'~at Book ~, Page lay, St. Lucie ~•::_=~:,y,
Florins, Fublic Remoras, said monument beine at the intersecti~~n of Lhe South line of
„;en~e G (Nora+av Place) and tr-e '~1esL line of Nc.~~ r. Se•-ona St: eet in cite Ci :y of F::••
F'_erce, Florida, run thence N 88°ilj'37" E .'.C.BJ fee` ' o ar. iron pipe on the East amine of
lrorth ~er~ond Street; thence S '4°58'15" Fd aicr,~ !,ne Eas•. lirs of Nora."h Secura S'_ree~ • j5.80
*ee; to a concrete monmtent; thence N 89 57' ~ :^ E • ~-`-.;' .eeL ;,o a steel axle; tner,~e
P: ~<°,~'4G'~ E 363.20 feet to a bolt set in con~~rete ar +he Southeast corner of the ~.erars
~rcoerty (firmer:y Dorman property) and the point. of~,ber+irn~inv of the lands herein de-
r_ted c Fror.~ said }'oint of Bec_-inninp cont:nse N %~' 3:.' w'~ E . ~9.' ~ :eeL : o a : hi:~eled
•~ • can rite tu~ichead on the West shore of the Ira_an R_vE; , thence alone the Wes. shirt
of c.he Indian Rirer and Lhe bulkhead r.:n N 18°l9' ?9" `d 95.5 feet to a d:ili hole, on :.he
bukhead; thence N 2E.o1.0' j0" E 59.10 feet to a point on the bulkhead; thence N 89~ ~?' j''
E ~'"'.~= ~ feet to a point, thence N i0o36'1 in W alone tha '.Nest ]ine o: the `,n:~nsen property
1 X1.4•, ..°ees to a steel rod on t•he South ling of Sea>ay Urive, thenc- N 'i~C..~';.' '~7 ~I:•r.~
~. C. f' ::;;uct~ ~..ne of :ieaway Drive 2ti5.'S feet to a nai~ £--td rii sk a' Ghe lr.. • r."~ '. ~ ,r_.P. :,`
L!:e ?erard property; thence 3 itsoi.~3'2~i" E a;•;np'-~_:e cas: ~.ine. o' 'rte ~r~r~t~: .~r.;j>'-~~r c~
14.1 ~? feet to the }'cant of B~oinninv; ~~ ~1
c:r{CEP'I'iN~: s 1 foot s*.rip of land, alone and,. paralici io •.ne West pro~~e: yy~i.~t~~~
Marie:a at Fat Piercer
bein the same property conveyed to Mortgagor by T-^^„^^~~*Rd , by Deed dated
Fe~ruary 6, 1961 and recorded in the records of 3t Luei a County Fl cn~i da ,
Book ~ , page ~~ togethtr with all tenements, hereditamenta and appurtenances now or here-
after belonging or appertaining thereto, all rents, issues and profits of the above-described
property and all buildings and improvements now or hereafter located on or attached to or used in
connection with said premises, inc:uding, without limitation, storage tanks, automobile hoists,
dispensing pumps, air compressors and motors, lubricating equipment (pressure or otherwise),
light poles, and/or other items of equipment which are used in comeccion with said premises as
a service station sad/or bulk station location. and any subsitutions therefor or replacements
thereof, all of which are and shall be deemed to be fixtures and a part of the realty and are a
portion of the security for the indebtedness herein mentioned, provided, however, Mortgagor shalt
be entitled to collect and retain the rents, issues and profits until default hereunder, subject,
however, to the terms of any assignment et:ecuted by Mortgagor directing payment of said rentals
to Mortgagee or Its aasians; provided, further, chat Chia Mortgage shall not covet any equipment
owned by Phillips Petroleum Company, a Delaware corporation, hereinafter designated as
"Philllpa", and supplied by it for use at or is connectioa with such location;
TO HAVE AND TO HOLD the same with all rights, privileges and appurtenances thereunto
belonging or•in anywise appertaining unto the Mortgaget and its successors and assigns forever.
And the Mortgagor hereby warrants and covenants that, subject to chat certain lease agree-
ment dated y,*-*'~.__? _?~y ~ 9n~ from Mortgagor, as landlord, to Phillips, as tenant, he is